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I live in NJ and recently got divorced and a qdro is being
I live in NJ and recently got divorced and a qdro is being processed. I would like the lump sum payment and my tax bracket is currently 4 with 3 minor children and will file as head of household for c… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I just received a lump sum employee check from a case
I just received a lump sum employee check from a case involving the NLRB. Gross amount was 39k. They taxed me at a flat 22% Federal even though im married filing jointly status. Isnt there any allowance for standard deduction for married filing jointly $24k? … read more
Bill
Bill
Master's Degree
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I am writing with a TAX question. On 10/24/2018 I will be
I am writing with a TAX question. On 10/24/2018 I will be 62. I (hopefully) will be able to collect from 2 different sources. 1) Civil Service Retirement System (CSRS) After 27 years in the post offic… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I have a signed asset division agreement that instructs me
I have a signed asset division agreement that instructs me to split my IRA in half. But, my financial advisor won't let me split it until I have a divorce decree. I want to use my half of the IRA with… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I divorced last year in New Mexico and received a "single sum
I divorced last year in New Mexico and received a "single sum spousal payment of xxxx to be made in three installments in 2014: 1st payment of xx on July 12th; 2nd installment on filing of petition wi… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Hello. I am looking for advice re state of Mass. Employee retirement
Hello. I am looking for advice re state of Mass. Employee retirement payout for deceased employee. Until his recent death, my brother worked for the Mass. Water Resource Authority. I am beneficiary on… read more
taxmanrog
taxmanrog
Master's Degree
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I was recently offered a lump sum pension buyout from a former
I was recently offered a lump sum pension buyout from a former company. My spouse and I are separated and I do not file joint tax returns. If I take the lump sum now can the IRS garnish the pension lu… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
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recently cashed out pension fund before 59 years old. pension
recently cashed out pension fund before 59 years old. pension fund lump sum amount approximately $44,000.00. employer took out the federal withholding 20% and the california state withholding giving a… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
In October 2010, my former employer, Dept. of Veteran Affairs,
In October 2010, my former employer, Dept. of Veteran Affairs, Office of Personnel Management notified me that due to backlog in disability retirement pensions, they overpaid me $52,000. Since then I … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
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My wife and I are in the process of filing for divorce. We
My wife and I are in the process of filing for divorce. We have a marital business (LLC taxed as a sole proprietor), and it has been agreed that I will exit the business and take a lump sum payment fo… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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i am a divorced service member that was on active duty when
i am a divorced service member that was on active duty when i divorced in 2008. my x was awarded a portion of my retirement, but no spousal support by the judge. we were not married for 10 years my pr… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I did not do a trustee to trustee transfer and took a partial
I did not do a trustee to trustee transfer and took a partial cash of 401K as part of my divorce settlement last year. Rolled over the remainder into IRA, I paid the taxes at the time of distburstment… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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My wife and I were divorced in 2005. Our divorce agreement
My wife and I were divorced in 2005. Our divorce agreement specified that I pay her $ 1200 per month as a division of my Civil Service Retirement Pension. That was the only pension involved as I had w… read more
socrateaser
socrateaser
1,031 satisfied customers
I am a military retiree (20 years of service) with a service
I am a military retiree (20 years of service) with a service connected disability rating of 70% and 100% total disability evaluation/rating (received in 2008). I also received a total disability ratin… read more
Expert
Expert
Can I claim on my Income taxes as alimony the $64,000 that
Can I claim on my Income taxes as alimony the $64,000 that I paid my ex's if it is written up in my divorce as. Petitioner shall be awarded $64,000 as and for his property settlement alimony judgement… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I got divorced last year, and in the divorce settlement, my
I got divorced last year, and in the divorce settlement, my ex got the house and I got a lump sum distribution from his retirement account. The judge signed a QDRO and Nationwide issued the disburseme… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Last year my wife started receiving a pension from the UK.
Last year my wife started receiving a pension from the UK. I plan on reporting that on form 1040 line 21 is that correct? My wife only worked a few years and did not qualify for a full pension but the… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
My husband retired and his ex had previously been awarded a
My husband retired and his ex had previously been awarded a portion of his CSRS retirement with the government (not military). After he retired, she had the QDRO drawn up and they went back and forth … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
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